Chande's Trendscore Forex Technical Analysis and Chandes Trendscore Forex Trading Signals
Developed by Tushar Chande
This indicator attempts to make a quantitative and qualitative determination of the direction and strength of a market trend by comparing the current close price to previous closing prices over the last 20 periods.
Chandes Trendscore is an oscillator, oscillating between +10 and -10 with Zero being the midpoint.
Forex Technical Analysis and Generating Forex Trading Signals
A value of above Zero indicate an upward trend of varying strength
A value of +10 indicates a strong trending upward market
A value of below Zero indicates a downward trend of varying strength
A value of -10 indicates a strong trending downward market